Much of the debate over global rebalancing has focused on the U.S.-China trade imbalance. But that's missing the bigger picture.
With the growth of cross-border supply chains--a signature feature of Asia's trade in recent decades--it would be misleading to focus on bilateral imbalances and exchange rates.
Instead of specializing in...
2 Comments | Posted October 27, 2011 | 15:25:27 (EST)